Vietnam MOF Seeks Comments on Draft Decree to Revise VAT Rules for Agricultural, Aquatic Products

The Vietnamese Ministry of Finance on Dec. 13 opened a consultation on a draft decree to amend Decree No. 181/2025/ND-CP, on VAT regulations for agricultural, forestry, livestock, aquaculture, and fishery products. The decree includes measures that would: 1) define non-taxable items as unprocessed or preliminarily processed products sold by producers or catchers, including at import; 2) exempt enterprises and cooperatives using the deduction method from VAT declaration and payment when selling to similar entities, with invoices showing prices without VAT; 3) apply a five percent VAT rate when selling such products to households, individuals, or organizations outside the exempt group; ...